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Selected data concerning the past fiscal years operations of the Woodson Manufacturing Company are as follows (in thousands): Inventories Beginning Ending Raw materials $70 $90

Selected data concerning the past fiscal years operations of the Woodson Manufacturing Company are as follows (in thousands):

Inventories

Beginning

Ending

Raw materials

$70

$90

WIP

$75

$35

Finished goods

$100

$120

Other Data

Raw materials used

$468

Total manufacturing costs charged to production during the year

(includes raw materials, direct labor, and factory overhead applied at a rate of 80% of direct-labor cost

$864

Selling and general expenses

$50

Answer each of the following items:

(A). Compute the cost of raw materials purchased during the year.

(B) Compute the direct-labor costs charged to production during the year.

(C) Compute the cost of goods available for sale during the year.

(D) Compute the cost of goods sold during the year.

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